Melissa and Joanna have always focused on being efficient managers. What is the best advice you should give them, given the quick success they have had with Venus and the information provided in the scenario?
A. Efficiency is the only key to their continued success.
B. Now it is time for them to consider only effectiveness, since they clearly have efficiency under control and this is not likely to change in the future.
C. To continue their success, they should maintain a clear focus on both effectiveness and efficiency, especially while their company is experiencing such a high growth in sales.
D. They should maintain the status quo without implementing any changes in order to continue making quick sales.
E. As top-level managers, the best action plan for them is to carefully design the new items to assure these items are well accepted by the target consumers.
Ans: C. To continue their success, they should maintain a clear focus on both effectiveness and efficiency, especially while their company is experiencing such a high growth in sales.
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A petty cash custodian should always:
A) maintain supporting documentation for any payment made from the petty cash fund. B) record petty cash expenditures in the company's accounting records. C) prepare the bank reconciliation for the petty cash account. D) sign the checks for items paid from the petty cash fund.
Jefferson, Inc (JI) Jefferson Inc (JI) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The company understands that there are effective reward systems that will motivate employees. However, JI management is not sure which would be the best for the company. Compensation, another important area, must also be improved so that it will satisfy all
employees effectively. In addition, the company wants to create benefits to keep the employees not just satisfied, but also motivated. Yet another pressing issue is deciding on the training methods that are to be used to successfully teach the new employees. JI believes that it will be on the right path if all of these changes can be successfully accomplished. The company plans to incorporate performance appraisals so it can be sure that the rewards, compensation, and benefits are effectively distributed. Refer to Jefferson, Inc When JI management considers performance appraisal, various techniques and methods are either objective or ____ in nature. A) measurable B) marginal C) judgmental D) goal-oriented E) personal